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Financial Services

Cascade Bancorp reports profit (access required)

Bend, Ore.-based Cascade Bancorp, which posted its first profitable quarter in years, is getting help from Idaho. “There is a lot of growth potential in Idaho, and it seems like the economy in Idaho is moving at a faster clip ...

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Financing that makes a difference (access required)

The goals, and the dollar signs, for the Center for the Greater Good are immense: eliminating poverty in the U.S. and financing $1.5 billion in projects in three years. “This is what I like to do,” John Belluomini, the president, ...

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Idaho First Bank reports third straight quarterly profit (access required)

Idaho First Bank on April 11 reported first quarter net income of $23,000, compared to a loss of $143,000 in the year-earlier period. Loan balances increased 22 percent in part because of economic growth, the bank said in a release. ...

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Western Capital Bank to merge with Northwest Bank (access required)

Boise-based Western Capital Bank plans to merge with Northwest Bank of Lake Oswego, Ore. this year. Western Capital Bank will change its name to Northwest Bank even though Western’s holding company, Western Capital Corp., is the buyer and will be the surviving ...

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Restaurant financing shows some signs of loosening (access required)

Financing for restaurants appears to be becoming more available, at least for some experienced operators. “It has eased up,” said Doug Davis, a partner in Buffalo Wild Wings franchise territories serving Idaho; Reno, Nev.; and Tampa, Fla. “Things are turning ...

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New equity firm looking to invest $5 million in Treasure Valley (access required)

A private equity fund with a niche in more mature companies has started a search for Treasure Valley companies that fit a rigorous set of requirements. Stan Leopard, managing director of Joseki Capital, said about 100 Idaho companies should be ...

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IGEM framework moves forward (access required)

The signature program of new Idaho Department of Commerce Director Jeff Sayer is running into little resistance from Idaho lawmakers. The framework for the Idaho Global Entrepreneurial Mission (IGEM), an effort to increase technology transfers from universities and invest in ...

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MWI Veterinary Supply beats expectations in quarter (access required)

Boise-based MWI Veterinary Supply Inc. reported net income of $13.2 million or $1.92 per share for its fiscal first quarter ended Dec. 31, up 21.9 percent from $10.8 million or 87 cents per share a year earlier. Revenue grew by ...

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Equity fund looks to accelerate Idaho companies in the short term (access required)

  A new private equity fund in the Treasure Valley aims to bring middling manufacturing firms into profitability. But slow returns would likely mean the end of the business.  Jim McCune, 43 Private Equity Group president, said he is enlisting ...

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SCOR: DIY for entrepreneurs (access required)

Call it the Home Depot of going public. A little-used financing option in state law for start-ups and small expansions offers a way to take a company public without the rigmarole of an initial public offering. Doug Joseph, owner of Locate ...

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